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May 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Jair Bolsonaro

Bolsonaro critics face 'intimidation campaign' in Brazil
World

Bolsonaro critics face 'intimidation campaign' in Brazil

  • Lawyers and human-rights activists warn Brazil is seeing a surge in legal and extra-legal moves to stifle dissent against Bolsonaro, in some cases with legislation and tactics dating back to the country's 1964-1985 military dictatorship -- for which the president is openly nostalgic.
Updated 21 Mar, 2021 05:52pm
Brazilian stocks, currency fall as tax hikes spook investors
Markets

Brazilian stocks, currency fall as tax hikes spook investors

  • The US dollar strengthened about 2% against the real, sending the Brazilian currency to a three-month low despite a central bank auction selling $1 billion in the spot market.
  • The benchmark Bovespa equities index fell as much 2.7% in morning trade, with all but one of its constituent companies in the red, before paring losses to 1.3% by midday.
Published 02 Mar, 2021 09:07pm
Brazil central bank intervenes in FX, sells $1bn as real slides further
Markets

Brazil central bank intervenes in FX, sells $1bn as real slides further

  • Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
  • There's a (market) crisis of confidence in the government, and we have negative rates.
Published 02 Mar, 2021 08:06pm
Brazil govt in talks with states to reduce tax on fuel: report
Markets

Brazil govt in talks with states to reduce tax on fuel: report

  • Citing sources, the paper said the federal government wants states to adopt a flat tax on fuel. Currently, states can change taxes on fuel frequently.
  • Brazilian President Jair Bolsonaro said he planned to meet on Friday with the CEO of state-controlled oil company Petroleo Brasileiro SA (Petrobras) to discuss diesel prices.
Published 05 Feb, 2021 06:14pm
Mexican president says he has Covid-19
World

Mexican president says he has Covid-19

  • Lopez Obrador came to power on December 1, 2018, promising to "transform" the country after sweeping aside the two political parties that had ruled for decades.
Published 25 Jan, 2021 11:40am
Bolsonaro's support falls sharply, but a majority reject impeachment, polls show
World

Bolsonaro's support falls sharply, but a majority reject impeachment, polls show

  • The poll results are a blow for the president. The Folha de S.Paulo newspaper said they represent the biggest drop in approval since the beginning of his government in 2019.
  • To make matters worse, a new virus variant has appeared in the north of the country that researchers believe has higher levels of transmissibility.
Updated 23 Jan, 2021 08:55pm
Brazil's Bolsonaro to allow China's Huawei in 5G auctions
Business & Finance

Brazil's Bolsonaro to allow China's Huawei in 5G auctions

  • Like Trump, Bolsonaro opposes Huawei on the unproven grounds that it shares confidential data with China's Communist government.
  • China being Brazil's largest trade partner and Huawei's ability to compete on price, he has faced resistance from industry and within his own government,.
Published 16 Jan, 2021 08:35pm